0001104659-07-042124 Sample Contracts

MEDAREX, INC. NONQUALIFIED STOCK OPTION AGREEMENT FOR 2005 EQUITY INCENTIVE PLAN
Nonqualified Stock Option Agreement • May 22nd, 2007 • Medarex Inc • Services-commercial physical & biological research • New Jersey

MEDAREX, INC., a New Jersey corporation (the “Company”), in consideration of the value to it of the continuing services of XXXXXXX (hereinafter called “Optionee”), which continuing services the grant of this Option is designed to secure, and in consideration of the various undertakings made herein by Optionee, and pursuant to its 2005 Equity Incentive Plan (hereinafter called the “Plan”), hereby grants to Optionee an option (the “Option”), evidenced by this Option Agreement, exercisable for the period and upon the terms hereinafter set out, to purchase XXXXX shares (the “Option Amount”) of $.01 par value common stock of the Company (“Common Stock”) at a price of $XXXXX per share (the “Option Price”), which price represents at least the Fair Market Value (as such term is defined in the Plan) of the shares as of the Date of Grant (as hereinafter defined).

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MEDAREX, INC. INCENTIVE STOCK OPTION AGREEMENT FOR 2005 EQUITY INCENTIVE PLAN
Incentive Stock Option Agreement • May 22nd, 2007 • Medarex Inc • Services-commercial physical & biological research • New Jersey

MEDAREX, INC., a New Jersey corporation (the “Company”), in consideration of the value to it of the continuing services of XXXXXXX (hereinafter called “Optionee”), which continuing services the grant of this Option is designed to secure, and in consideration of the various undertakings made herein by Optionee, and pursuant to its 2005 Equity Incentive Plan (hereinafter called the “Plan”), hereby grants to Optionee an option (the “Option”), intended to be an incentive stock option within the meaning of Section 422 of the Internal Revenue Code of 1986, as now or hereafter amended (the “Code”), evidenced by this Option Agreement, exercisable for the period and upon the terms hereinafter set out, to purchase XXXXX shares (the “Option Amount”) of $.01 par value common stock of the Company (“Common Stock”) at a price of $XXXXXX per share (the “Option Price”), which price represents at least the Fair Market Value (as such term is defined in the Plan) of the shares as of the Date of Grant (as

MEDAREX, INC. NON-EMPLOYEE DIRECTOR NONQUALIFIED STOCK OPTION AGREEMENT FOR 2005 EQUITY INCENTIVE PLAN
Medarex Inc • May 22nd, 2007 • Services-commercial physical & biological research • New Jersey
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